This page reflects CRVS options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — CRVS
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $14.00 (0.83 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$14.00
Nearest expiry
Expected Move
±$0.82
±5.6%
Days to Expiry
3
Calendar days
Total Call OI
3,114
Nearest expiry
Total Put OI
2,356
Nearest expiry
P/C OI Ratio
0.76
Put-heavy
Spot Price
$14.83
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$12.00
6/18/2026, 11:08:36 PM
2026-07-17
$14.00
7/17/2026, 11:10:54 PM
2026-08-21NextUpdated
$14.00
8/18/2026, 11:09:59 PM
2026-09-18
$15.00
8/18/2026, 11:09:59 PM
2026-10-16
$12.00
8/18/2026, 11:09:59 PM
2027-01-15
$12.00
8/18/2026, 11:09:59 PM
Selected expiration: 2026-08-21 at max pain $14.00.
CRVS pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
4
0
2096600
2096600
5
100
1861000
1861100
6
200
1627400
1627600
7
400
1394800
1395200
8
600
1162300
1162900
9
900
929800
930700
10
1200
698800
700000
11
4500
472500
477000
12
7800
289900
297700
13
13100
159400
172500
14
20200
60300
80500
15
115900
13200
129100
16
286500
900
287400
17
533800
600
534400
18
795300
300
795600
19
1066800
100
1066900
20
1349500
0
1349500
21
1660000
0
1660000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.